Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. the standard cost of product b manufactured by pha

The standard cost of Product B manufactured by Pharrell Company includes 2.8 units of direct...

90.2K

Verified Solution

Question

Accounting

image

The standard cost of Product B manufactured by Pharrell Company includes 2.8 units of direct materials at $6.70 per unit. During June, 27,000 units of direct materials are purchased at a cost of $6.50 per unit, and 27,000 units of direct materials are used to produce 9,600 units of Product B (a) Compute the total materials variance and the price and quantity variances. $ Total materials variance Unfavorable 5400 i Materials price variance 5400 Unfavorable $ Unfavorable Materials quantity variance 780 (b) Compute the total materials variance and the price and quantity variances, assuming the purchase price is $6.75 and the quantity purchased and used is 27,000 units. $ Unfavorable Total materials variance 5400 $ Materials price variance Unfavorable 5400 $ Materials quantity variance 780

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Medical Sciences
1.2K views

Describe the ventilatory response to incremental (graded) exercise. Include in your discussion factors that contribute to...

Medical Sciences
1.2K views

A) Based on what you know about respiratory and cardiovascular physiology, describe in what ways (how) the anatomy...

Biology
1.2K views

Core concepts of population health emerged in 18th and 19th century Europe, yet soon came to...

Finance
1.2K views

Looking for assistance with the "sketch/graph" part of the below question:Consider the following projects, X and...

Physics
1.2K views

Consider a wire placed along z axis and having current lo along z Holo axis...

Physics
1.2K views

24 n identical cells whether joined together in series or in parallel give the same...

Basic Math
1.2K views

Find the eigenvalues and bases for the eigenspaces of the linear opera T M M...

Algebra
1.2K views

Simplify by performing the following polynomial multiplications 2 2x 5x x 4x 2

Accounting
1.2K views

payroll is paid on 27 th of each month. gross salary is composed as such...

Accounting
1.2K views

Financial statements for Solomon Company follow. SOLOMON COMPANY Balance Sheets As of December 31 2019...

Accounting
1.2K views

) Bob and Cindy Smith paid the following medical expenses during the year (all in...

Accounting
1.2K views

a)WAF will pay back a $30,000 loan by making equal annual payments at the end...